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Alberta Loan Agreement for Syndicated Mortgage by Offering Memo
Prepare a Loan Agreement for Syndicated Mortgage by Offering Memo with this template form for the Province of Alberta.
- The purpose of the loan is to purchase, develop, finance or refinance the lands subject to the syndicated mortgage.
- Interest is calculated daily, calculated annually in advance, and is payable semi-annually in arrears.
- The borrower is entitled to prepay the Loan or any part thereof at any time prior to maturity without notice, bonus or penalty.
- The loan is secured by a conventional mortgage and a promissory note. The lender agrees to subordinate the mortgage to construction financing.
- The file includes a Term Promissory Note.
This Alberta Loan Agreement for Syndicated Mortgage by Offering Memo template is available as a downloadable and fully editable MS Word document.
Download: Alberta Loan Agreement for Syndicated Mortgage by Offering Memo
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